It's Dragon's breath. VERY good and healthy for any tank, regardless of fish or coral.
hxxp://fishsabby.com/dragon-breath-algae-halymenia/. It's a beneficial algae that feeds on nitrates and phosphates, so they act as a great filter. And, if you have two tanks (like me), one is FOWLR and one is a reef tank, you can take the quickly growing Dragon's Breath, chaetomorpha, or Caulerpa and feed it to your fish in the FOWLR tank. It's like candy to them. They love it!