You can keep it under control by just grabbing it and pull it out. Some of it will stay attached to the rock and grow back over time. It pulls up easy but can be kind of a pain to totally remove as it will grow back from the tiniest bit left but generally unless the nutrients in your tank are very high it is not an insanely fast growing macro. I think it is a species of Dictoya, I have had a brown version and that reddish version in my tank before.Reeffreak is right though, it is a good macro for nutrient export because it pulls up easy and will grow back for even a bit left attached to the rock.