Is this coin being revived? Anyway it was thought over two years ago, would not an update be needed? Why was it abandoned? It's very common to abandon a project, unfortunately.
Not is being revived, has been revived. We just recently completed a change of algorithms, removing Quit and replacing with Argon2d. Are on a new exchange, looking for more.
Work is proceeding on a major wallet update, giving us segwit + other goodies.