It is important that your realise as to who can use the Live Streaming on Youtube. If you have more than 10k followers on YouTube, you are eligible for it. Others will have to wait a while. For those with adequate number of users on YouTube, you can simply use the Live Streaming button and connect with your followers in no time. Up on that YouTube is giving you a fair chance to make money on your streams. Isn't that great?
If YouTube is to be believed, "Mobile live streaming has been built directly into the YouTube mobile app. All you have to do to start streaming is open YouTube, hit the capture button, and you’re live! Streamed videos will have all the same features as regular YouTube videos. They can be searched for, found via recommendations or playlists, and protected from unauthorized use."
The company further says, "Our mobile live streaming uses YouTube’s rock-solid infrastructure, meaning it’ll be fast and reliable, just the YouTube you know and love. And we’ve been working hand-in-hand with hundreds of creators to refine the mobile streaming experience while they stream from a boat or take live calls from their fans. Based on their feedback, we did things like slowing down live chat (it turns out receiving 2,000 messages per second is a little too fast!) and pushing for better streaming quality across devices."
Let us not waste time. Go and connect with your followers. It is however advisable that your videos have some sense.