YouTube continues to raise the bar on self-made video publishing and hosting capabilities. In the latest update to the video-sharing site, YouTube is rolling out new audio editing tools that will make it easier for uploaders to layer several audio tracks on top of one another.

Prior to the update, YouTube offered an AudioSwap feature that let users replace a video's audio track with one of the company's thousands of licensed audio tracks. The new update has catapulted YouTube's licensed track count to more than 150,000.

The update will also give YouTube uploaders the ability to adjust volume levels on each track . Although the editing tools provided by YouTube may not be as powerful as high-end video editing software such as Final Cut or low-end editing software such as Apple's iMovie, the company is giving people an easy and free way to edit their home videos. That means that over time, the quality of YouTube videos will continue to rise.

YouTube has already released a tool to help users boost video quality by automatically adjusting colors and digitally leveling shaky cameras. YouTube had also released a tool that allows users to crop or conjoin videos. Prior to the latest update, users could add licensed tracks to videos, but the audio levels could not be adjusted -- it would simply replace the video's audio track.

The latest audio editing tools will be rolled out over the next few days. To try them on the video's you've uploaded, go to edit settings from the video manager. For more information, watch the short introduction video below.