The Waterfall method is a sequential software development process where a phase begins only after the previous phase has ended. In contrast, Agile development involves iterative processes where phases run in parallel and are continuously improved upon.

A. Waterfall increases agility to implement faster while Agile promotes reliability - Incorrect. This is the opposite of the typical characteristics of these methods. B. A phase begins after the previous phase has ended in Waterfall while Agile phases run in parallel - Correct. Waterfall is linear and sequential, while Agile is iterative and parallel. C. Customers get feedback during the process in Waterfall while they can see the result at the end in Agile - Incorrect. Agile involves continuous feedback, whereas Waterfall typically provides feedback only at the end. D. Requirements can be updated in Waterfall while in Agile it should be gathered in the beginning - Incorrect. Requirements in Agile can be updated continuously, while Waterfall requires requirements to be defined upfront.