1. A system for verifying that a design conforms to a desired property, said system comprising: means for receiving a circuit design, a first initial state of said circuit design, and a property for verification with respect to said circuit design, wherein said first initial state is represented as a binary decision diagram that includes a plurality of nodes, and wherein said first initial state is further associated with an initial value that defines a value said first initial state takes at time 0; means for expanding said first initial state of said circuit design to create a superset of said first initial state containing one or more states reachable from said first initial state of said circuit design; means for synthesizing said superset to define a second initial state of said circuit design, wherein said second initial state is synthesized as a netlist by utilizing multiplexor representation over parametric variables to enable various paths through said plurality of nodes in said binary decision diagram and updating intial value mappings to appropriate synthesized gates represented in said netlist; means for overapproximating application of said superset and said second initial state to said circuit design through cutpoint insertion into said superset to obtain a modified superset, wherein said cut-point insertion replaces a gate in said netlist with a random gate; and means for verifying said property by comparing said property to said modified superset.