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The internet technologies used in the first wave, especially in B2C commerce, were slow and inexpensive. Most consumers connected to the Internet using dial-up modems. The increase in broadband connections in homes is a key element in the second wave. Although these connections are more expensive, they are up to 20 times faster and can alter the way people use the Web.

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Q: What is the difference between first and second wave e-commerce?
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