The translation of live is: life, live broadcast.
So the live version is the live singing version. For example, concerts, demo Cantata, live performances, etc.
Generally, the sound quality of recording studio is not good, and there will be noise on the spot, which can not be repaired.
Extended data;
on one's pins
[English] [l V][ America] [Liv]
Existence of intransitive verbs; Alive; Live, live; enjoy life
Experience; get through
Alive; Lively and lively; Experienced; live broadcast
Live at (a performance)
Third person singular: living past participle: living present continuous tense: living past tense: alive
For example: Iliveanormallife
I lead a normal life.