Live encryption, on-the-fly encryption, transparent encryption, real-time encryption. Different names, for the same concept, used by east-tec SafeBit to give simplicity and efficiency to the encryption process.
When you open a file from the safe the data is decrypted instantly, when you save it back the file is re-encrypted automatically (on-the-fly). The user will not be aware of the mechanism behind it, that's why it's called transparent.
One of the major advantages that a live-encryption program has over a classic file encryption program is that you don't have to remember to re-encrypt the files you work with after you're done. east-tec SafeBit does this for you. Live-encryption programs are the next generation of encryption programs.