ShemaleCam refers to a specific type of adult content where the performer is a transgender woman with male genitalia, often engaged in sexual activities on live webcam platforms. The term "shemale" is considered outdated by some and may be replaced with terms like "TS" (transsexual) or "TG" (transgender) in modern contexts. The emphasis here is on the live cam aspect of the performance, where viewers can watch and interact with the performer in real-time.