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Let $\theta = cot^{-1}x$. This implies that $cot\theta = x$.
We know that $cosec^{2}\theta = 1 + cot^{2}\theta$. Therefore, $cosec^{2}\theta = 1 + x^{2}$, and $cosec\theta = \sqrt{1+x^{2}}$.
Since $y = cosec(cot^{-1}x) = cosec(\theta)$, we have $y = \sqrt{1+x^{2}}$.
Differentiating $y = \sqrt{1+x^{2}}$ with respect to $x$, we get: $$ \frac{dy}{dx} = \frac{1}{2\sqrt{1+x^{2}}} \cdot 2x = \frac{x}{\sqrt{1+x^{2}}} $$
Now, we need to prove that $\sqrt{1+x^{2}}\frac{dy}{dx} - x = 0$. Substituting the value of $\frac{dy}{dx}$, we have: $$ \sqrt{1+x^{2}} \cdot \frac{x}{\sqrt{1+x^{2}}} - x = x - x = 0 $$ Thus, the given equation is verified.
Final Answer: Verified: $\sqrt{1+x^{2}}\frac{dy}{dx}-x=0$
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