⚠️ Note: Elgato has released a program called "OBS Link" which does the same thing (in a different way). You might want to check that out. However I have noticed the same time lag in that method too.
This is a simple RTMP server for macOS. You can stream videos using the provided RTMP URI and also use the live feed in other applications.
rtmp://127.0.0.1/live/base, and the part afterwards can be anything as long as it's unique.
rtmp://URI of your choice, and paste it into the streaming software as a destination. For example,
192.168.1.90, specify the destination as
rtmp://192.168.1.90/live/sallarfrom the other device.
This software is released under the MIT License
Thanks to Arash for the design.