The premise of decentralized networks dislodging the traditional transcoding landscape is becoming an increasingly common warning shot in the ears of Faultline. But still there is little evidence to suggest that such video transcoding alternatives are stealing the lunches of major players like AWS Elemental, although with the global video streaming market riding high on binge viewing bedlam, everyone’s been a winner lately. Some indication of this disruption in motion is shown by a surge to 2.5 million minutes of video processed by the Livepeer Network in a 7-day period at the beginning of July, shooting up from around 1 million minutes just a few weeks earlier, according to founder and CEO Doug Petkanics, speaking to Faultline this week. The…